Ron Paul Tax Plan Comments – Part 2
You say that the income tax will never go away under a Paul administration, but they also say that there will never be a Paul administration. Fact of the matter is that if Ron wins the presidency the congress will be forced to push through some of his reforms, that is if they want to be re-elected two years later.
Paul would slash spending on our foreign policy which would save enough money to save social security and Medicare for those dependent and allow young people to opt out. He wants to get rid of unnecessary departments again cutting federal spending.
The states may raise taxes when/if we return to a constituionally sized government. But that opens up competition between the states. The way it should be.
“Iraq is expensive, but it’s not expensive enough to pay for the kind of tax cuttery he’s proposing.”
You are living in a fantasy land. There are something like 150,000 mercenaries in Iraq being paid by our tax dollar beyond the cost of the US military there. Haliburton charges $96 per load of laundry washed for our troops there who are directed to use this service instead of doing their own laundry. This is only the tip of the iceberg.
Enough I say! Too much stealing from the American taxpayer to finance Haliburton, Exxon, and others making obscene profits off the blood of Iraqis and our brave troops on the ground there.
Megan,
I apologise for the snarky tone of the some of the RP supporters above.
But here’s one significant counter to your post: Paul has promised, repeatedly, to push to allow citizens to ‘opt out’ of social security/ medicare taxes.
I think its pretty safe to say there will be a massive exodus out of the welfare state by younger, more productive citizens. It should be safe to call that a reduction of future liabilities by a few hundred billion?
Moreover, the Laffer curve is still not exhausted at this point. Significant tax cuts (like eliminating the dividend and capital gains taxes) should provide substantial net INCREASES in alternate tax revenues, more than enough to cover their loss of revenue.
What are your thoughts?
- R
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